Brief Summary of “Is College Worth It?”

GRABMYESSAY.COM OFFERS TO EVALUATE SAMPLES OF VARIOUS TYPES OF PAPERS
High School ・English ・MLA ・1 Sources

Training, according to David Leonhardt, is worthwhile because those who have completed college are better paid in the industry than those with lower credentials.
Despite the difficulties that recent college graduates face in finding employment, paying off mortgages, and taking jobs that need lower credentials, college is still extremely important. First, the salary of a four-year college graduate has risen in recent years as compared to that of a high school graduate, according to a study of Labor Department data conducted by the Economic Policy Institute in Washington (Leonhardt 33). The study outcome indicated that graduates who studied four years in college were paid 98% more an hour than their high school and college counterparts. The gap increased by 89% over a period of five years and 85% in comparison to the early 1980s.
From the study, one can deduce that college degree is highly valuable in terms of financial reward and that its worth has increased over the years as seen from continued growth in the amount of college student. This growth is predicted to continue as the economy develops into a further technologically multifaceted model which may result in a student taking 15 years or 17 years of education to ensure a universal goal (Leonhardt 33).

Lengthy Summary

David Leonhardt predicted relationship like demand and supply between the college graduate and pay gap in the economy. He noted that an increase in the supply of college graduate will cause a decree in the pay gap, however, David Autor said that college graduates are few and people who are prepared for college education are insufficient hence the gap may still remain. Contrary to this gap in the college education there seems to be a sinister motive by the media experts and journalist inclined at discouraging young teenagers and some adults from pursuing college education (Leonhardt 34).
The increase in inequality and reduction in economic growth may reduce the value of bachelor’s degree, Dr. Autor asserted that the real value of bachelor’s degree is negative $ 500,000 while the cost of not going to college is equivalent to half a million dollar. Therefore, graduating from college tend to be much cheaper since individuals who do not attend college lost more than half a million dollars (Leonhardt 34). Actually, the stated value of college is three times higher than what it was two decades ago, this implies that its value increases over time.
There are always alarming stories on jobless, indebted college graduate from the conventional wisdom which often overstate the problem, precisely the average loan debt among college graduate is $ 25,000 which is a small fraction of the economic worthiness of college. Also, the rate of joblessness for people between 25 and 34 years old having bachelor’s degree was a meager 3%. The worthiness of college education can be seen from the average growth in hourly wage by 1% over a period of 10 years which translate to circa $32.6 (Leonhardt 35).
Even though education is a good solution to an economic problem of any country, there is always a need to thinks of other factors which could be used to lift the living standards of the individuals who do not have college degrees even when the college education is known as the most reliable means to middle class and beyond.
Few decades, high school was considered the most valued education level to an extent that Americans from modest background did not comprehend the need to spend four years in high school, yet today this notion is indisputable as the economy become more technologically complex hence the point has already arrived (Leonhardt 35).

Works Cited

Leonhardt, David. “Is College Worth It? Clearly, New Data Say.” Practical Argument: A Text and Anthology, edited by Laurie G. Kirszner and Stephen R. Mandell, Bedford/St. Martin’s, 2017, pp.33-35

Get a price
Academic level
Urgency
Pages *275 words
Total price

Prices that are easy on your wallet

Our experts are ready to do an excellent job starting at $14.99 per page

What Clients Say About Us
Our Customers Rated UsGreat
4.8
Out of 5 Based on 246 Reviews
I experienced difficult times trying to complete huge number of assignments to my university at the same time and you, guys, literally saved me. Everything was done in time and on the highest level! I really appreciate your help.
Edward,
Essay, History, 12 pages, 7 days, Master's
First time when I placed an order with you, I just lacked time to do all the homework and it was a lot going on in my family. But today I’m doing it sometimes just for fun – I really enjoy communicating with your Customer Support members and just letting myself being a bit lazy
Yuong Lo Mui,
Literature review, IT, 17 pages, 4 days, Master's
My GPA is 4.0 and I’ve always been doing everything myself, but there is a class which I was about to fail thus my GPA would decrease first time in so many years. I ordered few assignments to be completed with GrabMyEssay.com and you did a great job! Thanks to you I still remain one of the best students on campus.
Rosalinda,
Essay, Politics, 8 pages, 5 days, Junior
I am not used to such services and I usually write all the papers by myself. But this time I got in a very difficult situation and had to order my paper on this website. To my surprise it appeared to be quite good. Thank you, it is really nice service. Think I'll get back to you soon!
Jeremy,
Thesis, Management, 34 pages, 14 days, Master's
I am on my maternity leave now, so I spend a lot of time at home taking care of my little son. I’ve decided to get one more higher education degree while I’m spending so much time at home and applied for distance learning in one online college. But caring a baby takes even more time then I excepted so I’m the way too busy to write the complicated masters level research works, but GrabMyEssay.com is so-so-so cool! Thank you for that you exist! I don’t know what I would do without you all!
Karen,
Essay, Education, 15 pages, 8 days, Master's
I am studying and working at the same time and it is difficult to cope with university assignments as I am very tired after the work day. You service is a salvation for me as it helps to do everything on time. I am really happy about it. Wish you everything the best! Especially my lovely writer 109!
Desmond,
Coursework, Religion, 11 pages, 7 days, Master's

We at GrabMyEssay.com

work according to the General Data Protection Regulation (GDPR), which means you have the control over your personal data. All payment transactions go through a secure online payment system, thus your Billing information is not stored, saved or available to the Company in any way. Additionally, we guarantee confidentiality and anonymity all throughout your cooperation with our Company.

Try our service with 15% Discount for your first order!   Try our service with 15% Discount for your first order!   Try our service with 15% Discount for your first order!  

Order Now